The Series 7 exam is administered by the Financial Industry Regulatory Authority (FINRA) and provides an individual with the qualifications necessary to make different types of trades as a general security representative.
There are no prerequisite educational requirements for the Series 7 exam.
However, starting in October 2018, FINRA will be making major changes to their exam structure by introducing the Securities Industry Essential (SIE) exam. The SIE exam will be a co-requisite to the revised Series 7 test — candidates must pass both to obtain their general securities registration.
Also, keep in mind that you must be sponsored by your employer — a FINRA or other applicable self-regulatory organization (SRO) member firm — in order to be eligible to take the Series 7. Should you not already be employed at a member firm willing to sponsor you for an exam, you may find in your job search that many companies require certain educational credentials in order to be considered for a position. The member firm must satisfy other requirements, too, such as conducting a background check, before an individual is permitted to engage in securities business.